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Wednesday, July 23, 2003 9:01:41 PM
I always appreciate your posts.
I hope your technicals and opinions are correct. Very well thought out.
Heres my worries. The money from Nokia and Samsung to be recieved has been pushed out to nobody knows for sure how long. A few quarters or 2 years. It definitely wont be next week or the week after.
Im under the impression the over all market is about to correct which may cause more selling until Sept. I dont think the recent sell off was enough for IDCCs drop to be over although we had good volume today. The day before was a tremendous drop and to short lived IMO not to see futher follow through. Im affraid if the selling doesnt slow down the buyers will have spent their wads shortly. Hopefully the big drops are over and we ll only see a slow decline over time with no news, market decline and this not so good time of the year for the markets.
Nobody wants to talk about what the earnings are going to be this quarter and next now that we ve lost the Samsung and Nokia funds for the next few quarters. I know they wont be horrible but are they good enough to maintain the current valuation?
Now I hope none of these things come about except upward share valuation. But I think one should be very cautious in here and give this a little time to see where were going before jumping in with more than both feet. We ve just made a big move will it continue?
But thats my opinion and Im not trying to talk anyone out of or into anything. Just a word of caution.
Best to all!
Moose
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